Oldfield Park Pre-school Reg Chanty No. 1028044 Report and Accounts Year Ended 31 August 2024
Report of the Trnstees of Oldfield Park Pre-school For the year that ended 31st August 2024 Th¢ Trustees present their retM)rt along with the con501idated financial statements of the charity for the year that ended 315t August 2024. The financial statements have b¢¢n prepared b&sed on the accounting Frf)licies set out the financial statements and Comply with the charity's trust deed. Oldfield Park Pre-school is a charity registered with the Charity Commission under registration number I028044. Misson Statement Our mission is to provide a PUTtMiseful and caring learning environmenL which wi b¢ accessed by the whol¢ community. Who we Are W¢ are a pre-school providing care and education for 2-5 year-olds in the Oldfield Park area of Bath. We have been providing this care and education for over 35 years. fst as a playgroup and then as a pre-school. Today. Oldfield Park Pre-school is a registered charity, which is run by a Committee of volunteeTS. It is regi5tercd both with Ofsted and the loal authority (BANES) who provide the majority of our funding via the 'Early Years Entitlement.. We have a wonderful staff team who plan 8nd provide a huge rang¢ of activili¢s for the children to enjoy. These typically in¢lud¢'OutdoorAdventures', cooking, painting, play doLbgh, singing and playin8 with our indoor and outdoor toys. In addition, they plan a variety of special events such as sports day. nativity, outings and workshops. In our latest Ofsted Ins Ction Jun¢ 2022 our Pre-schwl was judged to be 'gocMJ'. ACHIEVEMENTS AND PERFORMANCE Pupil NumbeTh and Fees At the end of the a¢ad¢mi¢ y¢ar 2023-2024. we had 39 pupils registered. Our fees this year wer¢ £51250.28. This includes a voluntary contribution for consumables and extra activities, including forest %hool. FINANCIAL REVIEW The financial statements show net incoming resources for the year on Pre-school activities of £164,185.22. The principal source of income is fees which were fijnded via the 'Early Years Entitl¢rn¢nt'. and privately funded hours. Parents were also asked to pay a volunlary ¢ontribution for ¢onsumables. We also carry out fundraisin8 activitie4 which include5 raffles and other sponsored events. Reserves Financial Health The cotllmittee regularly review the finances. budgets and spend together with a monthly cash flow analysis as part of the effective stewardship of the Pre-school. The committee have continued to invest in our staff and equipment to maintain excellent teaching facilities for our pupils.
The Pre-school mainlains a balance of £20,OIXI in order to cover operating costs in any unforeseen circumstances. The balanc¢ of £20.000 is designed to allow the preschool to opernte for two tertns without external funding. However. it is unlikely that the amount would be sufficient for the preschool to operate for two ternis. We have begun planning to gradually increase the amount of mon¢y in the reserves. This transfer of money Into our reserve a¢¢ount is somewhat mitigaied by the ongoing popularity of our Pre-school and the r¢du¢¢d Pr15¢5 Cost. Pension liability For our staff we offer a defined contribution h¢m¢ which is opernted by True Potential. STRUCTURE, GOVERIYANCE AND MANAGEMENr Tnjstees (know as our Committee) Our Committee is responsible for the overdll business aspects of the Pre-school, including finance, staffing, and health and safety. This Committee must include a Chair, Treasurer and Secrelary as a minimum. but also has roles for generdl members. Th¢ Committee is usually made up of p8r¢nts of ¢hildr¢n at the Pre-school and is elected annually at the Prevschool AGM in October. The Committee from October 2023-October 2024 is: R Sadgrove (Chair) .T Coffey (Treasur¢r} • J Brennan (Secretary) • D Manole E Anderson Staff Th¢ day-to-day management of the Pre•School is overseen by the Pre-school Manager, C Cummins. There is a Deputy Manager and an Athninistrator who SUp)rt this Work in Pre-school. as well as five other Farly Years Prdctitioners. The trnstees. report was approved by th¢ Board of Tnee5. R Sfddgrnve Truste¢ Dat¢d'.
Oldfield Park Pre4chool Receipts and Payments - Summary For the year ended 31 August 2024 2024 2023 Receipts Grants Fees and Lunch Club Fundraising Other Interest 104,234 51.250 2.573 5,833 295 91,368 40,891 394 350 174 164,185 133,177 Payments Wages & Salaries Training Rent Insurance Trips & Entertainment Equipment Office Costs Flooring and decoration Telephone Professional Fees Other 120,485 396 9,858 507 1,389 3.151 2,101 4,794 625 851 2.222 146.379 103,739 755 10,023 4.036 3,915 2.174 404 579 787 126,896 Surplusl(deficit) for the Year 17,806 6.281
Oldfield Park Pre-school Statement of assets and liabilities As at 31 August 2024 2024 2023 Bank Current account Bank Fundraising account Bank Ringfence account 39,695 2,647 20,524 19,269 5,563 20,228 Net funds 62,866 45,060 Funds Brought Forward Surplusl(deficit) for the Year 45,060 17,806 38,779 6,281 62,866 45,060 Chairperson R Sadgrove Treasurer T Coffey Dated 51G12G
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of OLDFIELD PARK PRE-SCHOOL On accounts for the year ènded 31 AUGUST 2024 Charity no (If any) 1028044 Set out on pages 4-5 I report to the trustees on my examination of the arxounts of the above charity (Ihe Trusf) for the year ended 3110812024. As the charity's trustees, you are responsible for the preparation of the accounts in accordan with the requirements of the Chariiies Act 2011 (Ihe Act.). Responsibilities and basis of report I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. l Confimi that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect= the accounting records were not kept in accordan with section 130 of the Charities Act., or the accounts did not acGord with the accounting records; or the accounts did not comply with the applicable requirements conmIng the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be dravm in this report in order to enable a proper understanding of the ac¢ounts to be reached. Slgned: Date: s /ÉliG Name: Peter Barton FCCA Relevant professional qualification(s) or body (If any): FCCA Address: ART Accountants Ltd 11 Manvers Street Bath. BA11JQ IER Oct 2018
Section B Disclosure Only complete if Ihe examiner needs to highlight material matters of concem (see CC32, Independent examinats.on of charty accounts: directions and guidance for examiner5). Give here brief details of any items that the examiner wlshos to disclose. NONE Oct 2018